@collins

You might find this post of interest http://www.codinghorror.com/blog/2012/06/the-great-mp3-bitrate-experiment.html

On Saturday, June 23, 2012, Collins Areba wrote:
Hello skunks, this goes specifically to the audiophiles, Im setting up an online music store, and seriously considering lossless as a "niche" factor and one of my selling points. Considering a standard track is about 50MB, would you as a music lover consider buying $1.99 a track? or should i just rip for the 128k mp3 masses... Ive got like 18,000 tracks to start with. 

Cheers..  

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“The twentieth century has been characterized by three developments of great political importance: the growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy”